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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

NZ Super Fund reveals excluded companies

Posted on 21 June 2013

The New Zealand Superannuation Fund has excluded seven companies with operations in nuclear bases from its $NZ22 billion ($A18.56 billion) portfolio, while clearing the return for four firms which had previously been excluded for their involvement in cluster munitions.
The Cullen Fund, so-called for its architect former Finance Minister Michael Cullen, will exclude public companies Babcock & Wilcox, Fluor Corp, Huntington Ingalls Industries, Jacobs Engineering Group, Serco Group and URS Corp, having sold its $NZ2.2 million ($A1.86 million) holdings in those firms, it said in a statement………………………………………..Full Article: Source


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